2900 lbs 7.62 brass Currently $150 at auction

[IXLR8]

Government surplus 7.62 brass in San Antonio.

2926 lbs(approx) 7.62MM Fired Brass Ball(Inert). In Cardboard Boxes on Pallets(Included In Sale/Weight). Mutilation Not Required.
Link to auction site

This might be a good deal for reloaders....

 

[proforguns]

I watched those auctions but with brass at about 2 bucks a pound it gets bid up at the end.

 

[Bultx1215]

Man, that's a LOT of brass. If I was still in the brass business, I'd be watching that one closely. Brass doesn't sell so well these days. We were gonna bid on one of those out of Yuma....16k# of 5.56. Ended up not doing it after all.


FWIW, that is roughly 121,800 cases.

 

[manlymatt]

Thx IXLR8 for the link -- interesting site at least. I could see maybe buying one of those lots for my own purposes and to re-sell ... anybody interested in a share of it?

 

[cleric]

0001 - Uncategorized at Government Liquidation

If someone gets this one I am in for some

 

[Bultx1215]

280,000+ cases......mmmmm. That was the type deal we were after. Never got any..lots of sniping. I cold have made a flippin fortune off that many cases in '08.

 

[medalguy]

The bidding does not even start until 10/7. The $150 is the opening bid on nearly every lot that's offered. I've won some of these before, so don't think you'll get it for $150 or anywhere near that. Look at it before bidding. The lot may contain a lot of blanks and there's no guarantee of what's in there. This one will probably go for around $6500. You have to provide an End User's Certificate. There's a seller's fee tacked onto every lot, 10% as I recall. Then you have to pick it up and bring it back. Bid on it and you can see the results. Just place one bid right at the opening and watch them go. Keep in mind if it sells for 2.50 per pound, the seller's fee brings it up to $2.75 a pound, that's .065 per piece if all of it is good salable brass. It won't be.

 

[IXLR8]

If nothing else, it is an interesting site to find almost anything you can imagine, and a few things that you can't... They had some incredible prices on big generators, but they were too far away to pick up economically. Because this was in San Antonio I thought it might spark some interest.

I have never entered one of these auctions, but I am sure some have to be overlooked, and go for very reasonable prices. The brass is a commodity and is probably watched more closely than other items.

 

[TX0303]

Forget the brass, get you a 5 ton 6x6!

 

[gt40mki]

I would've much rather been pressing the buttons on the minigun that spit those out than cleaning, removing the crimp, measuring and reloading those cases...

Hell I have about 600 cases of .300wm and I'm so OCD about weighing all my components that 600 feel like waaaay too many.

 

[medalguy]

That lot went for $7560 and with the 10% premium that's a total of $8316 or $2.13 a pound for the .223 brass. At 73/pound the high bidder paid .03 each for 3,000 pounds of .223 brass. Hardly gonna get rich at that price.